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News Breaks | | | | December 18, 2012 | | 10:06 EDT |  | ACAT, PII | Arctic Cat, Polaris rise after analyst says shares attractive
Winter vehicle makers Arctic Cat (ACAT) and Polaris Industries (PII) are rising after KeyBanc analyst Scott Hamann wrote that demand for the company's products has increased in some regions of the country. Moreover, the increase in demand has occurred in regions that are more important to the companies, Hamann wrote in a note to investors earlier today after speaking with dealers. Concerns about weak snowfall and potentially slowing snow plow sales have created an attractive risk/reward ratio in the stocks, the analyst added. In fact, plow demand appears to be solid, and Arctic Cat and Polaris are both gaining share in the market, wrote Hamann, who maintained Buy ratings on Arctic Cat and Polaris. In early trading, Arctic Cat rose 2.65% to $37.97, while Polaris added 0.66% to $80.90 | |
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News For ACAT;PII From The Last 14 Days Check below for free stories on ACAT;PII the last two weeks. |
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| May 16, 2013 | | 09:40 EDT |  | ACAT | Arctic Cat downgraded to Buy from Strong Buy at Feltl
| | | May 15, 2013 | | 06:33 EDT |  | ACAT | Arctic Cat sees FY14 EPS $3.17-$3.27, consensus $3.27
Sees FY14 revenue $754M-$768M, consensus $723.57M. Arctic Cat's fiscal 2014 outlook includes the following assumptions versus the prior fiscal year: core ATV North America industry retail sales flat to up 5%; side-by-side North American industry retail sales up 15%-25%; snowmobile North America industry retail sales flat to up 3%; Arctic Cat dealer inventories excluding new products flat to up 10%; achieving slightly lower operating expense levels as a percent of sales; and increasing cash flow from operations. The company expects gross margins to decrease by approximately 80 basis points, due to additional Yamaha snowmobiles that will be built in Arctic Cat's factory and, to a lesser extent, the Canadian currency impact. | | | 06:32 EDT | | ACAT | Arctic Cat reports Q4 EPS (38c), consensus (40c)
 Subscribe for More Information | | | 06:25 EDT | | ACAT | Arctic Cat board aurthorizes share repurchase program of up to $30M
Subscribe for More Information | | | 06:25 EDT | | ACAT | Arctic Cat announces dividend reinstatement of 10c
Subscribe for More Information | | | May 14, 2013 | | 17:18 EDT | | PII | Polaris Industries unit awarded $382.5M government contract
Polaris Defense has been awarded a maximum $382.5M fixed-price with economic-price-adjustment contract. This contract is for fire and emergency vehicles. Location of performance is Minnesota with a May 17, 2018, performance completion date. | |
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